Personal Change In Cash vs Depreciation Analysis
| PCGR Stock | USD 0.0001 0.00 0.00% |
Personal Care financial indicator trend analysis is much more than just breaking down Personal Care Group prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Personal Care Group is a good investment. Please check the relationship between Personal Care Change In Cash and its Depreciation accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Personal Care Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.
Change In Cash vs Depreciation
Change In Cash vs Depreciation Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Personal Care Group Change In Cash account and Depreciation. At this time, the significance of the direction appears to have pay attention.
The correlation between Personal Care's Change In Cash and Depreciation is -0.97. Overlapping area represents the amount of variation of Change In Cash that can explain the historical movement of Depreciation in the same time period over historical financial statements of Personal Care Group, assuming nothing else is changed. The correlation between historical values of Personal Care's Change In Cash and Depreciation is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Change In Cash of Personal Care Group are associated (or correlated) with its Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Depreciation has no effect on the direction of Change In Cash i.e., Personal Care's Change In Cash and Depreciation go up and down completely randomly.
Correlation Coefficient | -0.97 |
| Relationship Direction | Negative |
| Relationship Strength | Significant |
Change In Cash
Depreciation
Depreciation indicates how much of Personal Care Group value has been used up. For tax purposes Personal Care can deduct the cost of the tangible assets it purchases as business expenses. However, Personal Care Group must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.Most indicators from Personal Care's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Personal Care Group current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Personal Care Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price. As of 11/08/2024, Sales General And Administrative To Revenue is likely to grow to 0.21, while Selling General Administrative is likely to drop slightly above 12 M.
| 2010 | 2011 | 2023 | 2024 (projected) | Gross Profit | 4.3M | 12.3M | 14.2M | 11.8M | Total Revenue | 11.1M | 45.0M | 51.7M | 32.6M |
Personal Care fundamental ratios Correlations
Click cells to compare fundamentals
Personal Care Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pair Trading with Personal Care
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Personal Care position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Personal Care will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Personal Care could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Personal Care when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Personal Care - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Personal Care Group to buy it.
The correlation of Personal Care is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Personal Care moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Personal Care Group moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Personal Care can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Personal Stock Analysis
When running Personal Care's price analysis, check to measure Personal Care's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Personal Care is operating at the current time. Most of Personal Care's value examination focuses on studying past and present price action to predict the probability of Personal Care's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Personal Care's price. Additionally, you may evaluate how the addition of Personal Care to your portfolios can decrease your overall portfolio volatility.